Notice of Annual General Meeting Royal Dutch Shell Plc

Total Page:16

File Type:pdf, Size:1020Kb

Notice of Annual General Meeting Royal Dutch Shell Plc Notice of Annual General Meeting Royal Dutch Shell plc Circustheater, Circusstraat 4, 2586 CW The Hague, The Netherlands Tuesday May 21, 2019 at 10:00 (Dutch time) THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt about what action to take, you should seek your own personal advice immediately from a financial adviser authorised under the Financial Services and Markets Act 2000 if you are in the UK or, if you are not, from another appropriately authorised financial adviser. If you have sold or transferred all your shares in Royal Dutch Shell plc (the “Company”), please give this document and the accompanying documents to the stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser. SEE INSIDE FOR INFORMATION ABOUT THE SHAREHOLDER PRESENTATION IN LONDON EC1045808_Shell_AR_2018_NOM_2019_VAW_05.indd 1 3/22/19 10:53 AM Contents 3 10 Chair’s Letter Directors’ biographies 4 18 Notice of Annual General Meeting Shareholder notes 6 21 Shareholder Resolution Attendance arrangements and Supporting Statement 22 7 Shareholder presentation, London Directors’ response to Shareholder Resolution 23 Appendix: proposed changes to 8 the Company’s Articles of Association Explanatory notes on resolutions Cautionary note The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this Notice of Annual General Meeting, the term “Company” is used to refer to Royal Dutch Shell plc; however, “Shell,” “we”, “us” and “our” are sometimes used for convenience where references are made to Royal Dutch Shell plc and/or its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies. Also in this Notice of Annual General Meeting, we refer to “Shell’s net carbon footprint,” which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell only controls its own emissions but, to support society in achieving the Paris Agreement goals, aims to help and influence such suppliers and consumers to likewise lower theirs. The use of the terminology “Shell’s net carbon footprint” is for convenience only and not intended to suggest these emissions are those of Shell or its subsidiaries. Availability of documents The Company’s Annual Report and Form 20-F for the year ended December 31, 2018 can be found at www.shell.com/annualreport. The 2019 Notice of Annual General Meeting can be found at www.shell.com/AGM. If you would like to obtain, free of charge, a paper copy of any of these documents, please contact one of the following: United Kingdom +44 (0)121 415 7073 SPECIFICATIONS USA +1 888 301 0504 The paper used for this document is PlanoPlus, an FSC®-certified paper, E-communication produced from 100% virgin pulp (cellulose), If you are a registered shareholder and hold your shares in your own name, or you hold your shares in the Royal Dutch without recycling fibres. Shell Corporate Nominee, you can choose to view shareholder communications (for example, the Company’s Annual Report) by means of our website instead of receiving paper communications. If you opt for website communications This pulp is bleached with ECF technology. and provide us with your email address, by registering online at www.shareview.co.uk/clients/shell, you will be sent The inks used are vegetable oil based. a notification by email whenever such shareholder communications are added to our website, or in the absence of an email address you will be sent a notification by post. If you choose to view shareholder communications by means of our website, you may change your mind at any time or obtain, free of charge, a copy of the communication in paper form, by contacting our Registrar at the address below. Equiniti Aspect House Spencer Road Lancing West Sussex BN99 6DA United Kingdom 0800 169 1679 (UK) +44 (0)121 415 7073 Royal Dutch Shell plc Registered in England and Wales, Company number 4366849 Registered office: Shell Centre, London, SE1 7NA, United Kingdom Design: Conran Design Group Headquarters: Carel van Bylandtlaan 30, 2596 HR The Hague, The Netherlands Printer: Tuijtel under ISO 14001 Registered with the Dutch Trade Register under number 34179503 2 CONTENTS NOTICE OF ANNUAL GENERAL MEETING 2019 EC1045808_Shell_AR_2018_NOM_2019_VAW_05.indd 2 3/22/19 10:53 AM Chair’s letter Shareholder Dear Shareholder, recommended Neil’s appointment to the Board Presentation, London I am pleased to invite you to the Company’s following its review of the skills, knowledge A presentation has been arranged for Annual General Meeting (“AGM”) which will and experience needed and a rigorous shareholders at 11:00 (UK time) on be held at the Circustheater, Circusstraat 4, and thorough search process. Neil brings a Thursday May 23, 2019 – two days after 2586 CW The Hague, The Netherlands on track record of strong operational exposure, the AGM – at Central Hall Westminster, Tuesday May 21, 2019. familiarity with capital intensive business Storey’s Gate, Westminster, London, and a first-class international perspective SW1H 9NH, United Kingdom. The As we did last year, we have also arranged on driving value in complex environments. presentation is not part of the AGM; a presentation in London two days after We are delighted he has agreed to join us. it is a separate meeting and, while all the AGM. The presentation is not part of the shareholders are invited to attend, it may AGM; it is a separate meeting and while I believe that the appointment and be of particular interest to UK resident all shareholders are invited to attend, it reappointments proposed in Resolutions 3 to shareholders who wish to hear about the may be of particular interest to UK resident 14 are in the best interests of the Company. Company’s progress and ask questions shareholders who wish to hear about the The biographical details of each Director in person. Chad Holliday, Chair, will be Company’s progress and ask questions in are given on pages 10 to 16, along with a present, along with Ben van Beurden, person. I will be present, along with Ben van summary of the outcome of our 2018 Board Chief Executive Officer, Jessica Uhl, Chief Beurden, Chief Executive Officer, Jessica Uhl, Evaluation on page 16 and an overview of Financial Officer and Linda Szymanski, Chief Financial Officer and Linda Szymanski, the skills and experience represented on the Company Secretary. Company Secretary. Board on page 17. I hope you will vote in support of these resolutions. Further details can be found on page 22. Business of the AGM The business to be conducted at the AGM Question and answer session is set out in this Notice with explanatory The AGM, and the London Shareholder notes concerning each of the resolutions. presentation, provide an opportunity for you AGM webcast The business is mainly of a routine nature for a to ask questions about the business set out in Shareholders unable to attend the listed company and your Board recommends this Notice and to raise other matters about AGM in person can watch via our that you vote in favour of Resolutions 1 to 21. the business of the Company. As Chair of the webcast which will be broadcast live However, we have received a shareholder AGM, I will endeavour to ensure that discussions at 10:00 (Dutch time), 09:00 (UK time) resolution pursuant to Section 338 of the remain relevant and that as many shareholders on Tuesday May 21, 2019 – the day Companies Act 2006 and your Board as possible have the opportunity to speak. of the AGM. Shareholders who wish recommends that you vote against this to follow the webcast should log on to resolution (Resolution 22) for the reasons Voting www.shell.com/AGM/webcast and set out on page 7. All resolutions for consideration at the AGM follow the online instructions. will be decided on a poll rather than a show The AGM will be conducted in English although of hands. This means that a shareholder has Further details can be found on page 19. there will be Dutch translation facilities available. one vote for every share held. If you are not able to come to the AGM in person, I would Directors urge you to vote by following the guidance In line with the UK Corporate Governance notes on pages 18 to 20. Code, all Directors will retire at the 2019 AGM and seek reappointment by shareholders. Yours faithfully, Shareholders will also be asked to vote on the appointment of Neil Carson as a Director of Chad Holliday the Company with effect from June 1, 2019. Chair The Nomination and Succession Committee March 13, 2019 NOTICE OF ANNUAL GENERAL MEETING 2019 CHAIR’S LETTER 3 EC1045808_Shell_AR_2018_NOM_2019_VAW_05.indd 3 3/22/19 10:53 AM Notice of Annual General Meeting Notice is hereby given that the Annual Resolution 9 Resolution 18 General Meeting (“AGM“) of Royal Dutch That Gerard Kleisterlee be reappointed That if Resolution 17 is passed, the Board Shell plc (the “Company”) will be held at as a Director of the Company. be given power to allot equity securities the Circustheater, Circusstraat 4, 2586 CW (as defined in the Companies Act 2006) The Hague, The Netherlands at 10:00 Resolution 10 for cash under the authority given by that (Dutch time) on Tuesday May 21, 2019, That Roberto Setubal be reappointed resolution and/or to sell ordinary shares held for the purposes of considering the as a Director of the Company.
Recommended publications
  • Robert W. Stirling
    Robert W. Stirling Partner, London Insurance; Financial Institutions Robert Stirling focuses on insurance and asset management matters, as well as the regula- tory issues involved in transactional work and the insurance sector generally. He advises on public and private acquisitions, private equity investments, portfolio and other risk transfers, share offerings and asset disposals. Mr. Stirling also has handled numerous representations for clients such as Phoenix Group, Mitsui Sumitomo Insurance Co., Endurance Specialty Holdings, Prudential plc, Marsh and TDR Capital. Mr. Stirling is recognised as a leading individual in non-contentious insurance in Best Lawyers in the UK, IFLR1000, The Legal 500 UK and Chambers UK, which cites his “sophisticated transactional insurance practice” and quotes clients saying: “He has gravitas, he’s pragmatic and he can think his way out of difficult problems. He’s a standout.” Prior to joining Skadden in 2014, Mr. Stirling was head of the non-contentious insurance T: 44.20.7519.7051 practice at a Magic Circle firm. F: 44.20.7072.7051 [email protected] Mr. Stirling also has advised financial institutions on transactional and regulatory matters, including Barclays Capital, BNP Paribas and Credit Suisse. His recent representations include advising: Education University of Cambridge - Phoenix Group Holdings in its: The College of Law, Guildford • £2.9 billion acquisition of Standard Life Assurance Limited from Standard Life Aber- deen plc; and Bar Admissions • acquisition of Abbey Life from Deutsche Bank AG for £935 million, in respect of the Solicitor of the Supreme Court transaction documentation and the connected rights issue; of England and Wales - The Travelers Companies, Inc.
    [Show full text]
  • Natwest Group
    Prospectus dated 26 November 2020 NatWest Group plc (incorporated in Scotland with limited liability under the Companies Acts 1948 to 1980, registered number SC045551) £40,000,000,000 Euro Medium Term Note Programme On 22 February 1994, NatWest Markets Plc (formerly known as The Royal Bank of Scotland plc) entered into a £1,500,000,000 (since increased from time to time to £40,000,000,000) Euro Medium Term Note Programme (the "Programme") and issued a prospectus on that date describing the Programme. Further prospectuses describing the Programme were issued by NatWest Group plc (the "Issuer" or "NatWest Group") and NatWest Markets Plc, the latest prospectus being issued on 21 November 2019. This Prospectus supersedes any previous prospectus. Any Notes (as defined below) issued under the Programme on or after the date of this Prospectus are issued subject to the provisions described herein. This does not affect any Notes issued before the date of this Prospectus. Under the Programme, the Issuer may, subject to compliance with all relevant laws, regulations and directives, from time to time, issue notes (the "Notes") denominated in any currency agreed by the Issuer and the relevant Dealer(s) (as defined below). The maximum aggregate nominal amount of all Notes from time to time outstanding will not exceed £40,000,000,000 (or its equivalent in other currencies, subject to increase as provided herein). Notes to be issued under the Programme may comprise (i) unsubordinated Notes (the "Ordinary Notes") and (ii) Notes which are subordinated as described herein with a maturity date and with terms capable of qualifying as Tier 2 Capital (as defined herein) (the "Tier 2 Notes").
    [Show full text]
  • HSBC Holdings Plc Announces the Appointment of Mark Tucker As a Director and Group Chairman Designate from 1 September 2017
    12 March 2017 HSBC APPOINTS MARK TUCKER TO SUCCEED DOUGLAS FLINT AS GROUP CHAIRMAN HSBC Holdings plc announces the appointment of Mark Tucker as a director and Group Chairman Designate from 1 September 2017. Mr. Tucker will take over as non- executive Group Chairman on 1 October. Mr Tucker is currently Group Chief Executive and President of AIA Group Limited (AIA). He joined AIA in July 2010, and led its successful IPO in October 2010. Since then, it has become the world’s largest independent publicly-listed pan-Asian life insurance group. Before joining AIA, Tucker’s career was primarily with Prudential plc. He was the founder and Chief Executive of Prudential Corporation Asia Limited (1994 to 2003) and was on the Board of Prudential plc for 10 years, serving as its Group Chief Executive from 2005 to 2009. As a non-executive director, Mr Tucker served on the Court of The Bank of England from June 2009 to May 2012, where he was a member of both its Financial Stability and Audit and Risk Committees. Since 2012 to the present, he has been an independent non-executive director of the Goldman Sachs group. He will stand down from that role before joining the Board of HSBC. Rachel Lomax, HSBC senior independent director, who led the appointment process along with Sam Laidlaw, chairman of the Nomination Committee, said: “We are delighted that in Mark Tucker we have secured someone who possesses the rare combination of experience demanded by the HSBC Board. He has a long track record of successful leadership of complex financial services businesses in both Asia and the UK.
    [Show full text]
  • Industry Trends
    Industry Trends SMALL CHANGES TO IRC SECTION 7702 SHINE A BRIGHT LIGHT FOR CONSUMERS AND THE INDUSTRY The insurance industry has been facing strong headwinds for quite some time. No one needs to be reminded of the decreasing interest rates, which caused a domino effect in almost every area of our business — product pricing, product removals, cap rate decreases, in-force product projections issues and workforce reductions at almost every insurance company. When there is less product availability and increased pricing on the existing products, it’s the consumer who ends up being negatively impacted by having less choice and higher cost. All of which makes it harder for the consumer to take the steps needed to ensure their future financial security. Contraction in the market isn’t a new trend. We’ve been slowly going down this path for years. What’s new is that we’ve hit such a pain point where a number of decisions seem to be happening simultaneously. Grabbing the headlines recently was TransAmerica’s announcement to cease writing guaranteed variable annuities, fixed annuities and long-term care insurance. Just recently, Symetra announced the discontinuation of their Guaranteed UL. In 2020, Prudential pulled their Guaranteed UL. These actions tend to have a domino effect on the other GUL products still available. With Prudential, Symetra and now Principal pulling their GUL products, there will be more premium headed towards the remaining products and that will put pressure on reserving and investing for those insurance companies. Similarly, those companies with products facing the most reserve pressure are limiting the amount of premium they’ll accept or instituting a maximum face amount well below their normal offering.
    [Show full text]
  • Standard Chartered Bank and ICICI Prudential Life Insurance Sign Bancassurance Partnership
    Standard Chartered Bank and ICICI Prudential Life Insurance sign Bancassurance partnership Mumbai, 01 July 2014: Standard Chartered Bank today announced that it has entered into a strategic bancassurance partnership with ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life). This is part of a larger agreement between Standard Chartered Plc and Prudential Plc to expand the term and geographic scope of their pan-Asian bancassurance partnership. The new 15 year agreement covers India and 10 other markets and has commenced on 1 July 2014, deepens a relationship that was first established in 1998. Under the terms of this agreement, Standard Chartered Bank will distribute a wide array of ICICI Prudential Life's comprehensive life insurance products through its network of 99 branches across 42 cities. This alliance between ICICI Prudential Life, one of the largest private life insurer in India and Standard Chartered Bank, the *largest international bank in India aims to bring together a common vision of offering world class life insurance products to a wider mass of customers through Standard Chartered's extensive branch network as well as to utilise state-of-the-art technological innovations and online channels to provide a convenient and hassle free experience to customers. Speaking on the occasion, Mr. Sunil Kaushal, Regional Chief Executive, India & South Asia at Standard Chartered Bank said, "Our endeavour has always been to enhance our product and service offerings to our customers to ensure that we cater to their changing needs in a dynamic environment. The alliance with ICICI Prudential Life is a reaffirmation of our commitment to our customers and it enables us to offer them best-in-class life insurance products for their various needs.
    [Show full text]
  • PIA HSBC India Equity Ser B USD
    PIA HSBC India Equity Ser B USD Benchmark Aims Benchmark Not benchmarked Objective: The investment strategy of the fund is to purchase units in the HSBC Indian Equity Fund (USD) - the ABI Sector Global Emerging Markets Equities underlying fund. Identification Codes Underlying Fund Objective: The fund aims to provide capital growth of your investment over time. The fund will normally invest at least 90% of its assets in equity securities (i.e. shares) of companies of any size that are based in Sedol Code B0MSSJ6 or which carry out most of their business in India. The fund may use financial derivative instruments for hedging and Mex Code SBHIND cash flow management. The fund is denominated in US dollars. Isin Code IE00B0MSSJ66 Citi Code TI99 Performance Fund Overview Bid (24/09/2021) 3.10 Fund size (31/08/2021) $1.38m Underlying Fund size £1286.38m Number of holdings 50 Launch date 28/10/2005 Fund Charges Annual Management Charge (AMC) 1.70% Further Costs 0.40% Yearly Total 2.10% Discrete performance - to last month end 31/08/16 31/08/17 31/08/18 31/08/19 31/08/20 to to to to to 31/08/17 31/08/18 31/08/19 31/08/20 31/08/21 Fund 23.0% 0.0% -9.9% -3.8% 51.0% Sector 19.8% -4.8% 0.7% 7.8% 20.6% Rank 108/257 67/279 258/297 223/300 6/310 Quartile 2 1 4 3 1 Annualised performance Annualised 3 Years to 5 Years to 10 Years to 31/08/21 31/08/21 31/08/21 Fund 9.4% 10.0% 5.5% Sector 9.4% 8.3% 2.8% Rank 128/297 71/257 37/151 Quartile 2 2 1 Fund Managers Name: Sanjiv Duggal Nilang Mehta Manager of the underlying fund for: 25 years, 6 months 6 years, 9 months Ratings FE Crown Important Information Because of changes in exchange rates the value of your investment, as well as any money you take from it, can go down as well as up.
    [Show full text]
  • Change in Substantial Holding
    Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To Company Name/Scheme Starpharma Holdings Limited ACN/ARSN 078 532 180 1. Details of substantial holder (1) Name M&G Plc and its subsidiary companies (please see annexure A) ACN/ARSN (if applicable) There was a change in the interests of 21/10/2019 the Substantial holder on The previous notice was given to the 30/04/2013 company on The previous notice was dated 29/04/2013 2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Class of securities(4) Previous notice Present notice Person's votes Voting power (5) Person's votes Voting power (5) NPV Ordinary Shares 37,069,789 13.06% 45,186,512 12.15%* * This position was previously attributable to Prudential Plc and its subsidiary companies, subsequent to the demerger of M&G Plc from Prudential Plc on 21st October, this position is now attributable to M&G Plc. Please see section ‘5. Changes in Association’. 3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Class and Person whose Consideration Person's Date of Nature of number of relevant interest given in relation votes change change(6) securities changed to change(7) affected affected Please see Annexure B 4.
    [Show full text]
  • News Release
    News Release “The longevity Prudential, Legal & General reach sixth reinsurance market is longevity reinsurance agreement more vibrant than ever, especially in the U.K. With NEWARK, N.J., Dec. 21, 2017 – Prudential Retirement, a unit of Prudential Financial, Inc. (NYSE:PRU), and Legal & General Group plc (“Legal & General”) concluded this agreement, Legal & their sixth longevity reinsurance agreement since 2014. The Prudential Retirement General is tapping into Insurance and Annuity Company (PRIAC) assumes longevity risk for approximately $800 million (£600 million) in pension liabilities, which are held by Legal & General Prudential’s unique ability as part of its bulk annuity business. The transaction covers more than 2,000 pensioners. to keep up with the huge Legal & General and Prudential have now partnered on six transactions that together reinsure nearly $8 billion in longevity risk. demand in the market today...” The agreement signals the resurgent market for longevity reinsurance and de-risking solutions in the U.K. in 2017, with market volumes up significantly since the 2016 Bill McCloskey, Brexit vote. The de-risking of pension schemes has become an expectation among Prudential’s head of shareholders and key stakeholders in companies across the globe. transactions for international “Prudential is proud to strengthen its partnership with Legal & General,” said David longevity reinsurance Lang, Prudential’s lead negotiator for this transaction. “As a result of these agreements, Legal & General can better manage its longevity risk and secure the retirement benefits of thousands of U.K. pensioners.” Prudential’s most recent transaction with Legal & General prior to this was in October 2016. Joyeeta Kanungo, head of new business reinsurance for Legal & General, said: “This transaction marks a furthering of our partnership with Prudential, whose expertise and strength we value highly.
    [Show full text]
  • Mesoblast Limited
    Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To Company Name/Scheme Mesoblast Limited ACN/ARSN 109 431 870 1. Details of substantial holder (1) Name M&G Plc and its subsidiary companies (please see annexure A) ACN/ARSN (if applicable) There was a change in the interests of 18/05/2020 the Substantial holder on The previous notice was given to the 22/10/2019 company on The previous notice was dated 22/10/2019 2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Class of securities(4) Previous notice Present notice Person's votes Voting power (5) Person's votes Voting power (5) NPV Ordinary Shares 65,552,086 12.21% 65,368,183 11.26% ADS each Representing 5 7,457,070 1.39% 7,101,935 1.22% ordinary shares 3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Person whose Date of relevant interest Nature of Consideration given in Class and number of Person's votes change changed change(6) relation to change(7) securities affected affected
    [Show full text]
  • Richard Field
    David Belsham David joined Prudential as an actuarial trainee in 1983 and qualified as a Fellow of the Institute of Actuaries in 1988. He then worked for Prudential in a range of actuarial jobs covering valuation, product development, systems development, general insurance, and mergers and acquisitions, and was the actuary responsible for Home Service Division 1992-1995. From 1995-1998 David was Prudential’s UK actuary and he has been Appointed Actuary of Prudential Assurance Company and Prudential Annuities Limited since July 1998. David has a Maths degree from Merton College Oxford (1978) and an MSc in statistics from University College London (1981) and taught for a year. Andy Briggs Andy joined the Prudential from University in 1987 and has spent a number of years working in various departments through the company such as Actuarial, Customer Services, Marketing and Sales. He qualified as an Actuary in 1990. Andy is currently Business to Business Director, his previous role being Director of Annuity and Bonds. Alan Cook Alan joined Prudential in 1970 from school. He started his career working in General Insurance (claims, product design, process design and IT). From 1976 to 1978, Alan was seconded to the Association of British Insurers to work in the Press Office. Between 1993 and 1996, Alan was seconded to Jackson National Life in Michigan as Senior Vice President, Operations. In 1996 Alan returned to the UK as one of two Acquisition Directors and worked with the team that acquired Scottish Amicable. In April 1997 he was appointed Director of General Insurance and was subsequently made Managing Director in February 1998.
    [Show full text]
  • Investor and Analyst Day: Focus, Strengthen, Perform July 2012
    Focus Strengthen Perform Investor & Analyst event: 5 July 2012 1 Disclaimer Cautionary statements: This should be read in conjunction with the documents filed by Aviva plc (the “Company” or “Aviva”) with the United States Securities and Exchange Commission (“SEC”). This announcement contains, and we may make verbal statements containing, “forward-looking statements” with respect to certain of Aviva‟s plans and current goals and expectations relating to future financial condition, performance, results, strategic initiatives and objectives. Statements containing the words “believes”, “intends”, “expects”, “plans”, “will,” “seeks”, “aims”, “may”, “could”, “outlook”, “estimates” and “anticipates”, and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in these statements. Aviva believes factors that could cause actual results to differ materially from those indicated in forward-looking statements in the presentation include, but are not limited to: the impact of difficult conditions in the global capital markets and the economy generally; the impact of new government initiatives related to the financial crisis; defaults and impairments in our bond, mortgage and structured credit portfolios; changes in general economic conditions, including foreign currency exchange rates, interest rates and other factors that could affect our profitability; the impact of volatility in the equity, capital and credit markets on our profitability and ability to access capital and credit; risks associated with arrangements with third parties, including joint ventures; inability of reinsurers to meet obligations or unavailability of reinsurance coverage; a decline in our ratings with Standard & Poor‟s, Moody‟s, Fitch and A.M.
    [Show full text]
  • Prudential Fact Sheet
    November 4, 2019 FACT SHEET HIGHLIGHTS RANKINGS • $1.519 trillion in assets under management.i • Named to Fortune® magazine’s 2019 list of companies that “Change the World®.”iii • Approximately $4 trillion of gross life insurance in force worldwide.ii • 1st in the “Insurance: Life and Health” category of Fortune® magazine’s 2019 list of “World’s • Through its subsidiaries, serves institutional and Most Admired Companies®.” iv individual customers in more than 40 countries.i • 1st in the Insurance category of Forbes and • Approximately 50,000 employees and sales JUST Capital’s 2018 JUST 100 list. v associates worldwide.i • Largest life insurer in the United States • Prudential Financial, Inc. Common Stock has (life and health combined) based on total traded on the New York Stock Exchange under admitted assets. vi the symbol “PRU” since 2001. • 2nd-largest insurer in the United States based on net premiums written.vii • 7th-largest asset manager worldwide.viii • 3rd-largest seller of individual life insurance in the United States based on new recurring premiums.ix CORPORATE PROFILE Prudential Financial, Inc. companies include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. Leveraging our heritage of life insurance and asset management expertise, we are focused on helping individual and institutional customers grow and protect their wealth. In the U.S., our Rock® symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. The Company’s principal operations are comprised of five divisions: The PGIM Division, the U.S. Workplace Solutions Division, the U.S.
    [Show full text]